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EU debates 2040 milestone towards carbon-neutral future
The EU plans to be carbon neutral by 2050, but to get there it needs to pass two decadal milestones -- each implying massive adaptation by industry and consumers. The EU's European Scientific Advisory Board on Climate Change in a June report urged a reduction of 90-95 percent for the bloc to stay on its carbon-neutral trajectory.
German farmers round off week of angry protests in Berlin
Thousands of angry farmers descended on Berlin with their tractors and loudly booed a government minister on Monday, rounding off a week of nationwide protests against plans to cut tax breaks for agriculture.
German economy shrank in 2023 on energy, export woes
The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe's export giant. "Unfavourable financing conditions due to rising interest rates and weaker domestic and foreign demand also took their toll."
Struggles of family farms fuel German discontent
For more than a century, Marc Bernhardt's family has been running a dairy farm in eastern Germany's Saxony region. But for Bernhardt, nothing could ever replace dairy farming.
Asian stocks mixed after US inflation data, oil flat
Asian markets were mixed Monday as traders weighed US inflation data that revived hopes for an early interest rate cut, but gains were tempered by geopolitical worries after fresh US-UK strikes on Huthi targets in Yemen.
China 2023 economic growth tipped to be weakest in decades
China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.
World's richest five men double fortune since 2020: Oxfam
The world's wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, as it called on nations to resist the ultra-rich's influence over tax policy. To address the imbalance, Oxfam called for a wealth tax on the world's millionaires and billionaires that it says could bring in $1.8 trillion dollars each year.
IMF chief says AI holds risks, 'tremendous opportunity' for global economy
IMF chief says AI holds risks, 'tremendous opportunity' for global economy
Between the office and nature for Prada's winter menswear
The contrast between office life and the change of scenery provided by nature is the leitmotiv of the new men's collection unveiled in Milan on Sunday by emblematic stylist Miuccia Prada. It's the theme of "renewal and change, like nature (and) natural rhythms", that has inspired the 2023/24 autumn-winter collection, said Raf Simons, Miuccia Prada's creative co-director.
AFP
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